Current Events > ive never been paid before. how accurate are calculated yearly salaries?

(+) Yeah! (+)

for example, if i get paid $14/hr, the way to calculate yearly salary would be to multiply $14 by 40 hours in a week, then multiply the result by 52 weeks to get $29,120 for the year.

but how accurate is this final number, assuming i work a real job with no extra hours? because there's no way people work all 52 weeks in a year, right? they take days off for holidays.

so do people actually make the exact amount of the calculated yearly salary? or do they tend to make much less (if they dont work extra hours)?
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It's counted as paid vacation.
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Squall28 posted...

It's counted as paid vacation.

oh really? all US jobs have paid vacation?
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UUA
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I always just multiplied by 2000 for 40 hours a week and 50 weeks a year

but yeah, if you work hourly there'll be times you do LWOP (leave without pay) or times you can use sick leave / vacation time -- depending on your job and benefits
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SK8T3R215 posted...

UUA

im a NEET.
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If you're looking at your take home, pretty inaccurate.

If you work a "regular" job, it's pretty accurate pre-taxes.
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Anteaterking posted...

If you're looking at your take home, pretty inaccurate.

If you work a "regular" job, it's pretty accurate pre-taxes.

yes. i forgot to take taxes into account.
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BlackHorse6969 posted...

for example, if i get paid $14/hr, the way to calculate yearly salary would be to multiply $14 by 40 hours in a week, then multiply the result by 52 weeks to get $29,120 for the year.

but how accurate is this final number, assuming i work a real job with no extra hours? because there's no way people work all 52 weeks in a year, right? they take days off for holidays.

so do people actually make the exact amount of the calculated yearly salary? or do they tend to make much less (if they dont work extra hours)?

No idea how it's handled in the US, but in Canada, our employers keep track of all hours, wages, taxes, and contributions paid out per salary period (usually bi-weekly), and the information gets mailed/delivered to the employees in a manner which they can use i to file their taxes. Ultimately, you'd need to keep your payment stubs and statements to check on this, because not all weeks are created equal.
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